Bright outlook seen for bond market

Bond Pricing Agency Malaysia chief executive Meor Amri Meor Ayob(filepic) post Brexit referendum on June 23 up until June 30 June, the domestic bond market has reacted favourably as MGS yields decreased between 2bps and 14bps across the curve.

PETALING JAYA: With the strong prospect of an overnight policy (OPR) rate cut this year, coupled with the UK leaving the European Union (Brexit), the outlook of the Malaysian bond market looks bright with yields expected to slide further.

Market analysts are expecting at least a 25-basis point (bps) cut for the OPR this year, which currently is at 3.25%.